The firm demonstrates a complete lack of internal cash generation, reporting zero operating cash flow across the last ten quarters, which necessitates reliance on existing cash reserves of $33.9 million.
| Cash from Operations | 0 | -14.9M | 8.61M | -10.52M | -32.18M | 56.96M | 175.08M | 108.31M | 197.44M | -123.07M |
| Operating CF Margin % | - | -42.4% | 16.33% | -14.11% | -18.58% | 15.06% | 13.62% | 6.75% | 34.72% | -224.27% |
| Operating CF Growth % | 0% | -273.02% | 181.87% | 67.32% | -156.5% | -67.46% | 61.65% | -45.14% | 260.43% | - |
| Net Income | -11.9M | -14.78M | -81.25M | -196.56M | -108.82M | -296.14M | -906.49M | 2.17M | -84.86M | -200.49M |
| Depreciation & Amortization | 0 | 770K | 1.89M | 5.56M | 12.36M | 15.22M | 12.29M | 4.7M | 4.08M | 2.95M |
| Stock-Based Compensation | 0 | 0 | -6.88M | 4.53M | 3.79M | 11.9M | 17.85M | 131.26M | 31.02M | 25.66M |
| Deferred Taxes | 0 | 0 | -2.47M | 977K | 1.84M | 46.91M | 1.17B | -36.9M | 136.97M | 0 |
| Other Non-Cash Items | 11.9M | 7.03M | 47.42M | 122.46M | 1.32M | 167.69M | 8.84M | 206.46M | 7.04M | 16.88M |
| Working Capital Changes | 0 | -7.92M | 49.91M | 52.5M | 57.33M | 111.38M | -127.41M | -199.38M | 103.19M | 31.93M |
| Change in Receivables | 0 | -7.54M | 38.23M | 15.45M | 10.47M | 17.16M | -49.78M | -119.12M | -45.96M | -7.84M |
| Change in Inventory | 0 | 0 | 0 | 0 | 0 | 0 | -75.43M | -39.17M | 0 | 0 |
| Change in Payables | 0 | -883K | -463K | 1.95M | 11.28M | -47.36M | 15.07M | -4.19M | 36.14M | 784K |
| Cash from Investing | 0 | -84K | 35.27M | 86.69M | -119.46M | 192.62M | -538.7M | 250.58M | -1.44B | -108.18M |
| Capital Expenditures | 0 | -88K | -729K | -36K | -177K | -97.8M | -10.02M | -4.07M | -2.24M | -1.3M |
| CapEx % of Revenue | 0% | 0.25% | 1.38% | 0.05% | 0.1% | 25.86% | 0.78% | 0.25% | 0.39% | 2.36% |
| Acquisitions | 0 | - | - | - | - | - | - | - | - | - |
| Investments | 0 | 0 | 43K | 42.48M | 122.76M | 140.45M | 203.62M | 78.65M | 8.44M | 0 |
| Other Investing | 0 | 4K | 0 | -14.41M | -17.61M | 330.96M | -276.13M | 272.22M | -1.44B | -107.19M |
| Cash from Financing | 0 | 1.82M | -257.38M | -57.89M | -132.33M | -286.64M | 224.37M | -49.25M | 1.6B | 256.7M |
| Debt Issued (Net) | 0 | - | - | - | - | - | - | - | - | - |
| Equity Issued (Net) | 0 | 0 | 27.76M | 0 | 0 | 0 | 0 | 726.74M | 0 | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing | 0 | 0 | 0 | 0 | 5K | 20K | 170.18M | 150.83M | 30.06M | 184.85M |
| Net Change in Cash | 0 | -13.56M | -210.7M | 31.42M | -297.56M | -58.56M | -129.14M | 334.15M | 348.6M | 25.46M |
| Free Cash Flow | 0 | -14.99M | 7.88M | -10.55M | -32.36M | -40.84M | 165.06M | 104.24M | 195.2M | -124.36M |
| FCF Margin % | 0% | -42.65% | 14.95% | -14.15% | -18.68% | -10.8% | 12.84% | 6.5% | 34.32% | -226.63% |
| FCF Growth % | - | -290.14% | 174.68% | 67.38% | 20.76% | -124.74% | 58.35% | -46.6% | 256.96% | - |
| FCF per Share | 0.00 | -33.10 | 19.52 | -43.08 | -132.26 | -168.25 | 716.71 | 1263.11 | 3807.15 | -2658.84 |
| FCF Conversion (FCF/Net Income) | -0.00x | 0.96x | -0.11x | 0.06x | 0.32x | -0.19x | -0.19x | -1.45x | -1.51x | 0.61x |
| Interest Paid | 0 | 0 | 1.56M | 14.58M | 36.65M | 49.47M | 64.12M | 82.07M | 13.12M | 0 |
| Taxes Paid | 0 | 622K | 937K | 1.45M | 1.1M | 6.46M | 33.42M | 17.65M | 9.97M | 0 |
Total lack of cash generation
According to the provided financial statements, Pintec Technology has reported zero operating cash flow across the last ten quarters, despite recording net income figures that fluctuated significantly, suggesting a complete disconnect between accounting profitability and the actual cash-generating capacity of the firm's core business operations.
The consistent reporting of zero operating cash flow, even during periods of positive net income, implies that the company's earnings may be heavily influenced by non-cash accounting adjustments or that the business model is fundamentally incapable of converting service fees into liquid assets. Investors should monitor whether this lack of cash flow is a result of aggressive revenue recognition or an inability to collect on technical service fees from business partners.
As reported in historical financial filings, Pintec Technology has failed to generate positive free cash flow in any of the last ten quarters, indicating that the company's current operational trajectory is entirely dependent on existing cash reserves rather than self-sustaining internal cash generation.
The absence of positive free cash flow highlights the severe structural challenges facing the firm, as it lacks the internal capital to fund its own operations or R&D requirements. This trajectory suggests that the company is currently in a state of capital depletion, which may necessitate future external financing if the current burn rate persists.
Based on the provided financial data, Pintec Technology has reported zero capital expenditure over the last ten quarters, which may indicate that the firm is either operating on a fully depreciated asset base or that its investment in technology infrastructure is being expensed rather than capitalized.
The lack of reported capital expenditure warrants further investigation, as it may suggest that the company is under-investing in the very technology platform that serves as its primary competitive moat. If the firm is not refreshing its technical stack, it may face increasing difficulty in maintaining its API integrations with major business partners.
As indicated by the provided financial statements, the company's cash flow reporting is notably opaque, with zero reported activity in working capital changes or stock-based compensation adjustments, which obscures the true underlying cash burn and the potential impact of equity-based incentives on shareholder dilution.
The lack of transparency in the cash flow statement makes it difficult to assess the true impact of guarantee liabilities or potential off-balance-sheet arrangements on the company's liquidity. Analysts should be wary that the reported figures may not fully capture the cash-related risks associated with the firm's credit facilitation business.
Quick answers to the most common questions about buying PT stock.
Pintec Technology Holdings Limited (PT) generated $-14.9M in net cash from operating activities in 2024. This reflects the cash generated directly from core business operations.
Pintec Technology Holdings Limited (PT) reported negative free cash flow of $15.0M in 2024, indicating capital requirements exceeded cash from operations.
Pintec Technology Holdings Limited (PT) spent $0.1M on capital expenditures in 2024. CapEx represents the cash invested in physical assets like property, plant, and equipment to maintain or grow the business.